Total And GIAT Sign Cooperation Agreement To Help UAE Offset Program

France's Total andthe French arms manufacturer GIAT Industries have signed a joint cooperationagreement to help development projects in the UAE under the offset program. Thelatter arose from the $3.5bn deal signed in February 1993 with GIAT to supplythe UAE with 390 Leclerc tanks and 46 armored support vehicles. The offsetprogram with GIAT provides for the investment of 60% of the value of the...